Ownership
Ownership and operation of the bridge passed to Severn River Crossing plc on 26 April 1992 as part of the deal to build the Second Severn Crossing.
As of November 2010, Severn River Crossing Plc was owned
- 35% John Laing, British developer infrastructure operator
- 35% Vinci, French concessions and construction company
- 15% Bank of America, American multinational banking and financial services corporation
- 15% Barclays Capital, British multinational investment bank
The company's 2011 annual report showed the same companies still owned, through subsidiary companies, all the issued ordinary share capital of the Plc.
Ownership of the bridge and the Second Severn Crossing will return to the UK government when the revenue required to build and maintain them, as defined in a Concession Agreement with the Secretary of State for Transport, has been collected. In 2010, the concession was expected to end in 2017. In 2012, changes were made to the agreement to reflect the effect of changes in VAT and Corporation Tax and the costs of installing credit card handling systems. The net effect was to increase the required revenue from £995.83 million to £1,028.91 million in 1989 prices.
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